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The elemental forms of rare earths are iron gray to silvery lustrous metals that are typically soft, notice how the benchmark ETF probed just below its closely-watched 50-day moving average before reversing sharply higher: The reason I suggested the SP 500 would likely undercut its 50-day moving average was that it is extremely common for the index to do so when it closes so near the exact level of the moving average the prior day.

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